Goldman Sachs Eyes Japan Renewable Energy Investments

(Bloomberg)

Goldman Sachs Group Inc. (GS) plans to invest as much as 50 billion yen ($487 million) in renewable energy projects in Japan in the next five years, tapping demand for electricity produced from solar and wind-power generators.

The Wall Street firm also plans to take as much as 250 billion yen of bank loans and project-financing over the same period to move ahead with projects that would cost a total of 300 billion yen, Hiroko Matsumoto, a Tokyo-based spokeswoman for Goldman, said by telephone. The Nikkei newspaper reported the plan earlier today.